Antique
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Investigating Business Retention and Expansion among Antique Retailers in Tourist Destinations Regions Christopher M. Sieverdes, Clemson University; Sharon K. Strouse, The Ohio State University Assisted by Ute Sybille Hecht, Clemson University
Sample/Methods 32 mail surveys completed Ohio (10) - South Carolina (22) 18 non-responses, after multiple contacts Storefront retail business with address listing Currently in business Located in a tourist destination region (Heritage Area)
Retail 27% Wholesale 12% Dealer 23% Non-Dealer 2% Tie to other business 10% Estate Sales, Auction Consignment 7 + Description of the Antique Business
Furniture, clocks, large items, carpets, rugs 19 Small items, china, novelty, silver, pictures 13 Type of Antique Merchandise Sold
Ownership of Antique Business: Single Family Owner/Operator 23 72% Separate Owner/Operator 1 3% Partnership 6 19% Other 2 6%
Years of Experience in Antique Business: 1-8 years 8 25% 9-15 years 8 25% 16-20 years 8 25% 21 + 8 25%
Percentage of In-State Sales Under 34% 18 62% 34-66 9 31% Over 66% 3 7% Percentage of Out-of-State Sales Under 34% 20 69% 34-66 8 28% Over 66% 1 3%
Highest Sales Day Saturday 30-60% of all weekly sales 86% Less than 30% 14% Next highest sales day: Friday – 5-40% of all sales
Frequency of Sign Change: Weekly or Monthly 5 19% Quarterly 4 15% Once a Year 6 23% 2+ Years 3 12% Never 8 31%
Importance of Location of Antique Business (3 Factors Rated) Be in center of action, high traffic area 23 (79%) Very Important Be clustered with other antique retailers/dealers 10 (39%) Very Important Be a “One of a Kind.” Few retailers/dealers near 5 (19%) Very Important
Special or Unique about Products or Services Specialized items 9 35% Large variety, large inventory 7 27% Customer service, integrity 5 19% Quality product 5 19%
Peak Business Season Fall & Spring 29% Fall 21% Summer & Fall 14% Winter 14% Summer 11% Christmas & Summer 11%
Most Successful Means of Attracting Customers to Establishment Factors Ranked First by Category Location and signage 13 45% Word of Mouth, repeat customers, honesty integrity 15 52% Attractive storefront, interior, layout 5 16% Related business 3 10% Newspaper ads, inserts 2 7% Special pricing, special promotions 1 3% Communication with target audience 2 7% Tie to community events, festivals, carnivals, sports 0 0%
Problems indicated with Public Services and Employee Training Needs Minimal concerns related to public services such as public safety, zoning, EMS/hospital, building inspection reported Some concern about Water/sewer service (n=3) Too high traffic volume (n=3) Lack of chamber support (n=4)
Success Factors Cited: Customer Service 11 (41%) Quality Products 7 (26%) Location, traffic Flow 3 (9%) Price Value Marketing 2 (6%) Variety Merchandise 2 (6%) Economy Strength 1 (4%) Favorable Business Hours 1 (4%)
Advice from Antique Retailers: Start small 24% Build knowledge, pricing, quality 12% Reduce financial burden 8% Research marketing base, plan 20% Focus on customer service, integrity, dependable hours 12% Do not expect to get rich 24%
Summary of Findings: No difference in size/scope between Ohio and South Carolina antique retailers Focus of sales on Friday & Saturday Lack of employees Lack of training (skills, hospitality industry) Community services – nothing identified as a barrier to operations (building codes, zoning ordinances, etc.) Lack of understanding/ identification of antique retail business terms (dealer, non-dealer, wholesaling, web-based retail, etc.)
Red Flag Issues Lack of communication and connectivity to chamber/community - identified by owners as a weakness. Lack of perceived need for local/regional advertising and communication. Lack of dependability regarding storefront business hours/days of week. Lack of business diversification related to technology.
Investigating Business Retention and Expansion among Antique Retailers in Tourist Destinations Regions Christopher M. Sieverdes Clemson University csvrds@clemson.edu Sharon K. Strouse The Ohio State University Strouse.1@osu.edu Assisted by Ute Sybille Hecht Clemson University uhecht@clemson.edu
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